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THIS MORNING: Oil prices take a beating following surprise Opec+ decision + Why are Middle Eastern firms trading below their IPO price?
Trump opens door for negotiations on tariffs if countries offer “phenomenal” terms
XRG takes stake in Mozambique’s Rovuma basin concession + Veon secures USD 210 mn from GCC banks, ICBC Standard Bank
Adnoc is set to get a share of a potential 25 mn tons a year LNG capacity in Mozambique
Dubai’s Alpha MBM Investments to invest USD 4 bn in Ugandan crude refinery
The refinery is set to produce 60k barrels of crude per day.
EHC Investment’s energy arm EIG acquires Al Fanar Gas Group
Al Fanar operates in all seven Emirates
AD Ports to set up new petroleum storage facility at Khalifa Port
The facility will be developed in two phases, with phase one to launch its operations in mid-2027
Masdar expands further in Spain with acquisition of Valencia solar project
The 234 MW project is one of the largest in the region
Mubadala, Silver Lake take NYSE-listed Endeavor private
Plus: He successfully exists Khazna
Alghanim International snaps up contract for cogeneration utilities plant in Ruwais Industrial City
India’s Larsen & Toubro was the only other company in the running for the EPC contract
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